Project Management: Risk, Budget, and Resource Mobilization

This project management assignment delves into critical aspects of resource mobilization, budget justification, and risk assessment. The analysis begins by emphasizing the significance of considering risks and assumptions during resource mobilization, highlighting the importance of independent budgets and stakeholder relationships. The assignment then examines budget justification, specifically focusing on bottom-up budgeting and its implications, including potential drawbacks like preparation delays, budget padding, and oversight challenges. The analysis concludes by evaluating the background provided for the funds requested, supporting the justification through scholarly evidence and emphasizing the importance of a well-defined background study for determining research questions and providing a comprehensive overview of the project. The assignment underscores the need for a clear, in-depth study of the project to ensure the successful delivery and impact of the project.

Running head: PROJECT MANAGEMENT
Project Management
Name of Student-
Name of University-
Author’s Note-

1PROJECT MANAGEMENT
1. Why is it important to put into consideration issues of risks and
assumptions when mobilizing for resources for a project
Resource mobilization includes that organization or the project should include all the
means that are needed in the project for implementing the action plan. This is far more than fund
raising and entrails obtaining different resources from different partners including different
means. Resource mobilization includes all the elements that are needed in a project. The
definition of resource mobilization includes a process of identifying resources that are important
to make a development in the project. Mobilization includes expansion of the relations with the
resources providers, the skills as well as the knowledge to make the use of resource properly.
This includes to achieve the objective of the project.
Mobilizing resource is needed in a project because it is the only component in project
delivery and project impact. This explains that if the project is focused, the resources in the
project are to be ensured for successful implementation, project delivery and impact of the
project. The importance of considering risks and assumptions to mobilize resources in a project
is because if it is not taken care of, expansion of resources will not occur in the project. The
project will also not have independent budget if risks and assumption of resource mobilization
are not included in the project. Without resource mobilization, there might be a risk of having
resources dependent on each other. With mobilization of resources, there can be expanded
relationships with the stakeholder and with the community. This helps to fulfill the responsibility
towards the community.
2. From the example provided above, what inferences can you draw on the
issue of budget justification

2PROJECT MANAGEMENT
The budget that has been prepared in the above example is done with bottom up
budgeting. Bottom up budget is considered as common alternative to the traditional top down
approach. With the bottom up estimation of budget, the employees of business units or
department formulate the budget as well as present those to the company leaders. With the
bottom up budgeting, there is involvement of the employee as well as frontline planning and that
has many relative drawbacks compared to top down approach.
The drawbacks that Bottom up approach includes is that it has preparation delays while
preparing for the budget. This budget that is made with bottom up estimation helps the frontline
employees who are involved to empower. This actually results to process delays and that takes
time to frontline the department to meet as well as discuss with the project budgets. This
approach include back and forth interactions with the department and the leaders. This method of
budget estimation is actually expensive for implementation (Beel, 2017). This have a greater cost
and this includes increased time that helps to frontline the supervisors and the employees
dedicated for preparing the budgets instead of planning and performing tasks on regular basis.
In this budgeting process, there is also budget padding that helps to empower all the
department for preparing the budget and helps to increase potential budget padding. Each of the
department needs to look at their own interest and the employees needs more money from their
activities with comparison of the money that their leaders would provide them. There are less
oversight that helps to monitor as well as control on the budget for overseeing the distribution
funds.
3. Based on the sample presented above, is the background justifiable for the
funds requested for. Support your answer with scholarly evidence

3PROJECT MANAGEMENT
The background is justifiable as because the background of the article should have stated
the reason of HIV and the substance abuse prevention campaign. The background of the article
states the need of fund raising that is needed for global funding. The organization mainly funded
with the global and states to implement the project of community youth theatre for promoting the
changing behavior of the youth. The background of the article states the total number of youths
that the project will include to raise the fund.
The background of the project states the research that is provided in the introduction part
of the article. A background in the project helps to provide a detailed study of the work that are
included in the project for determining the research questions of the paper (Haruna et al., 2017).
The background states the study of work that is done for determining the research question. The
research background outline the important studies that are mainly conducted for provide a
chronological order. The research background mainly includes brief discussion that provides
major theories as well as models that are provided in the research problem (Baglione, 2018). All
these are stated clearly included in the background study of the article. Background of article is
different from introduction and provides in-depth study of the article and explains the research
topic in details. The background in the study helps to prove a thesis question that helps to
develop the thesis.

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Bibliography
Haruna, K., Ismail, M. A., Damiasih, D., Sutopo, J., & Herawan, T. (2017). A collaborative
approach for research paper recommender system. PloS one, 12(10).
Baglione, L. A. (2018). Writing a research paper in political science: A practical guide to
inquiry, structure, and methods. Cq Press.
Beel, J. (2017). Towards effective research-paper recommender systems and user modeling
based on mind maps. arXiv preprint arXiv:1703.09109.
Singh, S. P., Malik, S., & Singh, P. (2016). Research paper factors affecting academic
performance of students. Indian Journal of Research, 5(4), 176-178.